New York, Oct. 4 - E4 Energy Inc. said it increased the size of its private placement to C$10,273,850 million from the originally announced C$10,001,250.
The company now plans to sell 2,662,000 non flow-through shares at C$1.90 each, up from 2,632,000 shares, and 2,129,000 flow-through shares at C$2.45 each, up from 2,041,000 flow-through shares.
The offering will be placed through a syndicate of underwriters led by Canaccord Capital Corp. and including Tristone Capital Inc., Dundee Securities Corp. and Blackmont Capital Inc.
The deal is slated to close Oct. 20.
Proceeds will be used to expand the company's capital program.
Based in Calgary, Alta., E4 is an oil and natural gas exploration company.
Issuer: | E4 Energy Inc.
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Issue: | Flow-through and non flow-through shares
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Amount: | C$10,273,850
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Underwriters: | Canaccord Capital Corp. (lead); Tristone Capital Inc.; Dundee Securities Corp.; Blackmont Capital Inc.
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Pricing date: | Sept. 28
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Upsized: | Oct. 4
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Settlement date: | Oct. 20
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Stock price: | C$1.95 at close Sept. 27, C$2.04 at close Oct. 4
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Flow-through shares
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Shares: | 2,129,000
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Price: | C$2.45
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Warrants: | No
|
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Non flow-through shares
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Shares: | 2,662,000
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Price: | C$1.90
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Warrants: | No
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